CO129-615-2 Income tax 10-3-1947 - 6-2-1948 — Page 159

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(ii) Where no assessment has been made under the Rating Ordinance, 1901, the rateable value shall be deter- mined by the Assessor appointed under Section 3 of that Ordinance;

(iii) In the case of the New Territories other than New Kowloon, the rateable value for the purpose of Property Tax shall be taken at one-fourteenth of the value of the buildings as assessed under the Rating Ordinance, 1901;

(iv) Where the owner of the land is not the owner of the buildings thereon, a separate assessment shall be made for the land and for the buildings;

(v) Property tax shall not be charged on any land and/or buildings which are exempt from rates by virtue of section 39(2) of the Rating Ordinance, 1901.

7. Property tax shall be payable in the first place by the person, whether owner, agent or occupier, who pays the assessed rates in respect of the land and/or buildings taxed. Where such payment is made by any person other than the owner of the property then the amount so paid by way of property tax shall be a debt due from the owner and recoverable as such from any rent or other moneys due to him. Where such payment is made by any person other than the owner of the land and buildings then the amount so paid by way of Property Tax shall be a debt due from the person assessed under section 6.

8. A proportionate refund of property tax may be made whenever any land and/or buildings is proved to the satisfaction of the Commissioner to have been unoccupied during one or more entire months of any year of assessment.

CHAPTER III.

Salaries and Annuities Tax.

By whom payable

Refund in

case of unoccupied

property

of Salaries and

9. Salaries and Annuities Tax shall be charged at the Imposition rates provided for in section 14 and subject to the allowances hereinafter provided on all income arising in or derived from the Colony in respect of-

(a) any office or employment of profit; and

(b) any pension or annuity:

Provided that the following shall be exempt-

(i) The official emoluments received by the officer administering the Government;

(ii) the official emoluments of consuls, vice-consuls and persons employed on the staff of any consulate, who are subjects or citizens of the State which they represent;

(iii) any sum received by way of commutation of pension or annuity and any sum, other than a pension, with- drawn from a provident fund;

(iv) the emoluments payable by the Governments of the United Kingdom of Great Britain and Northern Ireland, His Majesty's Dominions and India to members of His Majesty's Forces and to persons in the permanent service of those Governments in the Colony in respect of their offices under those Governments;

Annuities Tax.

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